Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
Posted by: ARsandOutdoors
Posting time: 1.8 years ago on
Last edit time: never edited.
Archived on: 5/15/2019 10:00:00 AM
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79 upvotes, 2 downvotes (98% upvoted it)
Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
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[–] prairie 0 points 2 points 2 points (+2|-0) ago
Leaves out the critical things: bank reaps interest from $thousands in loans they can make based on your $1000 deposit, and all this creation of money devalues everyone's money by driving up prices.